Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Adero Partners LLC

Adero Partners LLC cut its position in Costco Wholesale Co. (NASDAQ:COST) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 970 shares of the retailer’s stock after selling 45 shares during the quarter. Adero Partners LLC’s holdings in Costco Wholesale were worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of COST. AMF Tjanstepension AB acquired a new stake in shares of Costco Wholesale in the third quarter valued at $42,896,000. Gunderson Capital Management Inc. grew its stake in Costco Wholesale by 47.0% during the 3rd quarter. Gunderson Capital Management Inc. now owns 435 shares of the retailer’s stock worth $385,000 after purchasing an additional 139 shares in the last quarter. CWM LLC grew its stake in Costco Wholesale by 6.1% during the 3rd quarter. CWM LLC now owns 54,764 shares of the retailer’s stock worth $48,550,000 after purchasing an additional 3,151 shares in the last quarter. Wedmont Private Capital grew its stake in Costco Wholesale by 9.1% during the 3rd quarter. Wedmont Private Capital now owns 5,152 shares of the retailer’s stock worth $4,501,000 after purchasing an additional 429 shares in the last quarter. Finally, Clarus Wealth Advisors grew its stake in Costco Wholesale by 3.2% during the 3rd quarter. Clarus Wealth Advisors now owns 836 shares of the retailer’s stock worth $730,000 after purchasing an additional 26 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 0.8 %

COST opened at $1,050.99 on Friday. The business has a 50 day moving average price of $958.04 and a two-hundred day moving average price of $911.67. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market cap of $466.53 billion, a PE ratio of 61.71, a P/E/G ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,063.00.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday. Truist Financial boosted their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Morgan Stanley lifted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Finally, Evercore ISI lifted their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.